Citigroup Inc. (C) Shares Bought by People s United Financial Inc.

People s United Financial Inc. raised its holdings in shares of Citigroup Inc. (NYSE:C) by 6.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,536 shares of the financial services provider’s stock after purchasing an additional 2,005 shares during the quarter. People s United Financial Inc.’s holdings in Citigroup were worth $2,176,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. purchased a new position in shares of Citigroup during the second quarter valued at $1,034,000. Catamount Wealth Management purchased a new position in shares of Citigroup during the second quarter valued at $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Citigroup by 206.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after buying an additional 1,030 shares during the period. Dubuque Bank & Trust Co. increased its stake in shares of Citigroup by 60.8% during the second quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock valued at $106,000 after buying an additional 599 shares during the period. Finally, Acrospire Investment Management LLC increased its stake in shares of Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 77.98% of the company’s stock.



Several equities analysts have recently commented on the company. J P Morgan Chase & Co restated an “overweight” rating and set a $78.50 price target (up previously from $77.50) on shares of Citigroup in a research note on Friday, October 6th. BMO Capital Markets reiterated a “hold” rating and issued a $65.00 target price on shares of Citigroup in a research note on Friday, October 6th. Credit Suisse Group reiterated a “buy” rating and issued a $83.00 target price (up previously from $73.00) on shares of Citigroup in a research note on Monday, October 9th. They noted that the move was a valuation call. Stifel Nicolaus reiterated a “hold” rating on shares of Citigroup in a research note on Monday, October 9th. Finally, BidaskClub upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $75.61.

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Shares of Citigroup Inc. (NYSE:C) opened at $72.05 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. Citigroup Inc. has a twelve month low of $55.14 and a twelve month high of $76.14. The company has a market capitalization of $190,500.00, a PE ratio of 13.74, a P/E/G ratio of 1.40 and a beta of 1.57.

Citigroup (NYSE:C) last announced its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. During the same period in the previous year, the company posted $1.24 earnings per share. Citigroup’s revenue for the quarter was up 2.3% on a year-over-year basis. analysts expect that Citigroup Inc. will post 5.31 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Friday, November 3rd. Citigroup’s payout ratio is presently 24.66%.

About Citigroup

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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